Genworth Financial, Inc. (NYSE:GNW – Get Free Report) CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $6.88, for a total value of $1,032,000.00. Following the transaction, the chief executive officer now directly owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Genworth Financial Price Performance
Shares of NYSE:GNW opened at $6.91 on Friday. Genworth Financial, Inc. has a one year low of $5.32 and a one year high of $6.97. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 36.37 and a beta of 0.92. The company has a 50-day simple moving average of $6.43 and a 200-day simple moving average of $6.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29.
Genworth Financial (NYSE:GNW – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The firm had revenue of $1.77 billion during the quarter. During the same period in the prior year, the company earned $0.29 earnings per share.
Institutional Trading of Genworth Financial
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th.
About Genworth Financial
Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.
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